You're right. I personally believe that it should be unlimited lobbies, but with the standard "Like check" that's used, to ensure there's enough people to make it interesting.
I personally have a very, very erratic shcedule, so my free time varies a lot. It would be very nice to just be able to open a lobby when I can, instead of having to use slips and eventually run out.
But, like you said earlier, I believe this club has many improvements over the previous way things were run. Most notably the "Members can now open rooms", and the official events addition (sanctioned car shows, for instance, with a lobby slip given out at the end, to boot).
I've definitely run with much, much worse groups, most notably a bunch of... Not nice people that ran a stock Corvette racing series. They were just plain elitists.