Yes, I can select 'All Events' as menu item type.

Strange as this option doesn't seem to work for me. When I do select All Events the actual menu type shows as -Create Event and not -All Events.
This then does not work as a link unless you are logged in.
At the moment I have set to work as external url and is working but I would expect that you should be able to simply select this from the menu type options as All Events.
Maybe I am totally missing something. Happy to discuss via skype or give admin so you can see what I mean.
skype ID davidwickstead

Yes, this happens to me too. When I select the All Events when creating new menu item, it displays as - Create Event, but the Link is correct: index.php?option=com_community&view=events
When I manually select - Create Event, the Link is: index.php?option=com_community&view=events&task=create

I've already seen this behaviour with other components too, so I think this is a problem in Joomla itself - I think it displays the menu item only according to the "view" variable in the link and doesn't take other variables into account.

Anyway, the menu item works correctly for me once I save it and displays the page with all events.