I understand the sentiment here, and prior to having children of my own, I would have agreed with you. But having kids brings tremendous meaning to one's life in a way that is difficult to explain - it has to be experienced. What you see as an infinite recursion, i.e.:
have children and find meaning --> your children find meaning from their children --> etc., etc. etc.
Being part of the ongoing chain of humanity, there's something beautiful about that lack of an endgame, just being a part of something and then passing the torch.