I think that there should be 2 Cook Off and 2 Lunchtime in a Month…!!
1)It helps a lot in interviews.
2)It helps a lot for ACM ICPC.
3)We will learn how to solve given problems in a given amount of time and become master in it.
4)We will be able to think and write code more fast by more practice.
5)It will become our habit to sit for 2 to 3 hrs and solve problems and so we will not be in tension when we will be giving coding round interview.
6)Sometimes during interview we cannot solve a problem there due to tension but when we come to our room then that same problem is easily solved by us ,so to avoid these things a lot of practice option should be available.
If you notice the current timings, it’s like 2 weekends for the long contest and one weekend for cookoff and one weekend for lunchtime. Having more contests means it has to be organized on working days which will be difficult for working professionals to participate. For practicing or simulating time bounds, you have that option in codeforces virtual rounds. You create your own "kind of " round and practice.
It’s nothing to feel bad for . Think and analize for sometime what you are asking for . vijju has already elaborated on what I wanted to say . All the suggestions must be directly mailed to the admin or the mods , rather than posting on the discuss forum . You must realise that discuss is for asking problems related to the problems that people face in coding . I apologise if you felt bad for my way of expression . We are all working to refine this community .