Pretty odd news coming out of the Panic! At The Disco camp, and it's bigger than the time Panic added the exclamation back in -- guitarist/ songwriter and bassist Ryan Ross and Jon Walker will be leaving the Panic to form their own act. Brendon Urie and Spencer Smith will continue on as Panic! At The Disco.

Here's what was posted on Panic At The Disco's official site today:

Ryan Ross and Jon Walker will be leaving Panic at the Disco to embark on a musical excursion of their own. Though the four of us have made music together in the past, we’ve creatively evolved in different directions which has compromised what each of us want to personally achieve. Over the years, we have remained close and honest with each other, which helped us to realize that our goals were different and that parting ways is truly what is best for each of us. We are all excited for the future, you should be too.

-Ryan & Jon

Stay posted to the Panic site for updates on Ryan and Jon’s new project, as well as a message from Brendon and Spencer who will continue on as Panic At The Disco. All touring and album plans for Panic will continue as previously announced.