Paul beat me to it - that's the itinerary I'd recommend too.
As for what to see and do in Interlaken: There is a large Migros and a large Coop, which are very handy if you want or need something at an affordable price (they're roughly similar to Target). When my day bag broke, I bought a small backpack at Migros for 20 CHF. There's also casinos, sex shops, jewelry stores, and lots of tourists (particularly from Asia and the Middle East). There are lots of restaurants, including a "Paksitani" restaurant (that's what the sign said, like Punxsutawney Phil in Groundhog Day) and one called "TrulyAsia" which promised food from "Vietnam China Thailand Korea" (looking at my picture of their sign always makes me smile). And there's a small Museum of Tourism, which was good for 45 minutes or so (free with my Swiss Travel Pass).
If you don't want or need any of these things, there is no reason to spend any more time in Interlaken than it takes to change transit modes (trains, buses, boats). The same way that some people are "famous for being famous," Interlaken is a gateway to great places, but itself has much less to offer.