We investigate the interplay of classical degeneracy and quantum dynamics i
n a range of periodic frustrated transverse field Ising systems at zero tem
perature. We find that such dynamics can lead to unusual ordered phases and
phase transitions or to a quantum spin liquid (cooperative paramagnetic) p
hase as in the triangular and kagome lattice antiferromagnets, respectively
. For the latter, we further predict passage to a bond-ordered phase follow
ed by a critical phase as the field is tilted. These systems also provide e
xact realizations of quantum dimer models introduced in studies of high tem
perature superconductivity.