The low-dimensional s=1/2 compound (NO)[Cu(NO3)3] has recently been suggested to follow the Nersesyan-Tsvelik model of coupled spin chains. Such a system shows unbound spinon excitations and a resonating valence bond ground state due spin frustration. Our Raman scattering study demonstrates phonon anomalies as well as the suppression of a broad magnetic scattering continuum for temperatures below a characteristic temperature, T<T*=100K. We interpret these effects as evidence for a dynamical interplay of spin and lattice degrees of freedom that might lead to a further transition into a dimerized or structurally distorted phase at lower temperatures.
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