I'm using an 1 1/2" punch and then trimming out the ears and face shape. You can then use a second circle (same punch) to create the body. The tail is from a heart punch cut in half. And wallah! Bunny!
This final card (I call him Wilson) is a slight variation on the above cuts. The only change is that I cut a slight scoop out of the second body circle. I also added a dashed line.