I don't think you can add recipes yourself -- but the manual modes do include some limited timer functionality. I took a couple of screenshots this morning to illustrate that. The "basic" mode timer is just a standard timer; it starts when you tell it to and dings when it's done. In "Sous vide" mode, the timer starts when the target temperature is reached, and notifies you at the end; it also appears to switch the burner off 30 minutes later.
Also including the summary information it shows when you minimize the controls; that's the only place I can find both the probe and surface temperature (though I swear I saw it in the main interface once yesterday).
Hopefully they will add the ability to create recipes later -- while there aren't a *huge* number of use cases for that, I would love the ability to, say, create a profile to temper chocolate.