With the new calendar application, you can create calendar events from iCalender feeds should you wish to do so. You would do this from the following location.
Once you go to this location you will be presented with the following screen.
You will notice from this screen that there are 2 ways in which to add feeds to your calendar. The first of these is by selecting the "Upload iCalendar File" button, which will allow you to simply select a file, a calendar, and a member in which the entries will appear from
The second method of adding these is from a calendar feed which you can add using the "Add iCalendar Feed" button and filling in the details requested.