Limit number of items displayed on Calendar

We have a calendar that has multiple events registrations and each of them are displayed making it look pretty awful. It looks like Knack uses the FullCalendar app for their calendar and in a new release there is a feature called eventLimit that allows you to limit the number of events displayed on a day. Would it be possible to include this in any upcoming updates?

Reference: http://fullcalendar.io/docs/display/eventLimit/