Among colossal magnetoresistive manganites the prototypical ferromagnetic
manganite La0.7Sr0.3MnO3 has a relatively small
magnetoresistance, and has been long assumed to have only weak electron-lattice
coupling. Here we report that La0.7Sr0.3MnO3 has strong
electron-phonon coupling: Our neutron and x-ray scattering experiments show
strong softening and broadening of transverse acoustic phonons on heating
through the Curie temperature TC = 350 K. Simultaneously, we observe two
phases where metallic resistivity and polarons coexist. The ferromagnetic
polaronic metal phase between 200 K and TC is characterized by quasielastic
scattering from dynamic CE-type polarons with the relatively short lifetime of
τ≈1ps. This scattering is greatly enhanced above
TC in the paramagnetic polaronic metal phase. Our results suggest that the
strength of magnetoresistance in manganites scales with the inverse of polaron
lifetime, not the strength of electron-phonon coupling