One new Calendar Web Part is now available on the market but still worth noting - A color coded SharePoint calendar by Ole Software that lets you setup a great looking and usable calendar literally in minutes. Create a SharePoint team calendar, or any other SharePoint calendar. Here are some ideas on how to improve every-day business productivity ...
Create a SharePoint Company Calendar to manage employee PTO, where events can be color-coded to signify Approval Status and PTO type (Sick, Vacation, Business, etc.).
Create a SharePoint Project Calendar that combines milestones and project tasks from multiple calendars and displays them within a single calendar - tasks can be color-coded by milestone or by task assignment.
Create a SharePoint Team Calendar to manage team meetings - meetings can be color-coded to signify related team goals.
In addition, you can combine multiple SharePoint calendars into a single calendar view.
Got 4 minutes? View this short video to see how easy it is to setup this Web Part:
Click here for a hands-on live demo - no download required.