Apple has this great thing where you take your photos, arrange them any way you like, you can add text, and they bind it into a hardbound book. Since the traditional gift is "paper' this falls into that category and is a cute keepsake, but doesn't require all the work of scrapbooking. You could do it all kinds of different ways, maybe pictures of your first year together, or go back to when you were kids, when you first met, include your wedding and honeymoon, and so on.
It depends on your software and such, but a friend recently got one for archival purposes and it it of an amazing quality.
http://www.apple.com/ilife/iphoto/features/books.html
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