In the spin ladder compound BiCu(2)PO(6), there exists a decisive dynamics of spin excitations that we classify and characterize using inelastic light scattering. We observe an interladder singlet bound mode at 24 cm(-1) and two intraladder bound states at 62 and 108 cm(-1) in the leg (bb) and the rung (cc) polarization as well as a broad triplon continuum extending from 36 cm(-1) to 700 cm(-1). Though isolated spin ladder physics can roughly account for the observed excitations at high energies, frustration and interladder interactions need to be considered to fully describe the spectral distribution and scattering selection rules at low and intermediate energies. In addition, we attribute the rich spectrum of singlet bound modes to a melting of a dimer crystal. Our study provides evidence for a Z(2) quantum phase transition from a dimer to a resonating valence bond state driven by singlet fluctuations.