Putting this section in paragraph form will make it more unlikely that they will read this section. Out of the CV/PS/MSPE, this is the most inconsequential part and will prob only be looked at just before interviews. Talking to previous grads, they put it bullet form, with a couple words such as - basketball -eating etc. Also, it is only significant if you really did do something consequential as an interviewer has no reason to bring up the fact that you play basketball.