NO! The Easter Bunny Lives!
This is an art installation called Hase (Rabbit) by a group of artists called gelitin. The Pink Bunny is located in the Alps near Genoa, Italy. It was installed during 2005 and is intended to remain in place until 2025.
The rabbit is 55 meters (180 feet) tall and as of 2007 it was listed in the Guinnes World Records book as the world’s largest knitted sculpture. It might also be listed as world’s largest road kill.