Recent investigations of the two-dimensional spin-1/2 checkerboard lattice favor a valence bond crystal with long range quadrumer order [J.-B. Fouet et al., preprint cond-mat/0108070]. Starting from the limit of isolated quadrumers, we perform a complementary analysis of the evolution of the spectrum as a function of the inter quadrumer coupling j using both, exact diagonalization (ED) and series expansion (SE) by continuous unitary transformation. We compute (i) the ground state energy, (ii) the elementary triplet excitations, (iii) singlet excitations on finite systems and find very good agreement between SE and ED. In the thermodynamic limit we find a ground state energy substantially lower than documented in the literature. The elementary triplet excitation is shown to be gapped and almost dispersionless, whereas the singlet sector contains strongly dispersive modes. Evidence is presented for the low energy singlet excitations in the spin gap in the vicinity of j=1 to result from a large downward renormalization of local high-energy states.

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