Just buy them some books!! Our kids still get baskets; we even ship the contents to the colleges boys! We started slowing down on the candy a few years ago, though they still get PLENTY! But we still get the younger ones some books, or a little something else. We're not trying to compete with Christmas! We do emphasize the REASON for Easter, the rest is just for fun. But if you want to do it, think about little things like markers, driveway chalk, etc. Depending on how old these kids are, anyway!
We played the Santa Claus game with our oldest, and probably will continue with the young one. But we made sure he knew the real story of St. Nicholas. We celebrate St. Nicholas Day in early December and everyone gets a St. Nick cookie in their shoe (you leave one by the door).
But we never pretended about the Easter Bunny. Pretty early on Corin, Jr. figured out who put the baskets together. So the next year, he gave us his "order" for what he wanted...