I may be saying the same thing, but the ability to create, save, edit, manage recurrence settings for templates, and retain the ability to situate that recurrent template within a hierarchy of templates. So a month recurrence schedule for a list could be situated within a folder template with a quarterly recurrence schedule and when the folder level quarterly recurrence automatically generates, the list level monthly recurrence automatically generates as well. So much time saved if this was possible.

If you decide to implement recurrence templates (please do!) please also make the assigned template an available field so that views can be sorted/grouped on it. So for example if you have templates for "every day" "every work day" "every week" "every other month" you can then view a list and see which tasks are in which recurrence pattern, and drag the tasks among them.