Our kids LOVE the cooking rotation. Boys like it as much as girls.
While there are some recipes that use the stove, oven there are many that do not. If you don't think you will use them often, you can always use my college dorm standby's -- hot plate and toaster oven

at least for awhile. But seriously, you might have a member willing to donate a stove when they do their kitchen remodel. The fridge is convenient for storing materials until time to use, but you can move it from the main fridge. The main thing to think about is "are we making our children second class citizens?"
We actually use our "state of the art" kitchen for rotation. A few stools around the island for the kids to sit on, and aprons and chef hats have done the trick.
Peace,
Lisa