Step 1: Use standard limits and algebraic manipulation.
The limit is of the indeterminate form $0/0$. We can use the standard limit $\lim_{\theta \to 0} \frac{\sin\theta}{\theta} = 1$. This implies that for small $x$, $\sin^2 x \approx x^2$.
The limit becomes:
\[
L = \lim_{x \to 0} \frac{(\cos x)^{1/3} - (\cos x)^{1/2}}{x^2}.
\]
We can factor out $(\cos x)^{1/2}$:
\[
L = \lim_{x \to 0} \frac{(\cos x)^{1/2} [(\cos x)^{-1/6} - 1]}{x^2}.
\]
As $x \to 0$, $(\cos x)^{1/2} \to 1$. So,
\[
L = \lim_{x \to 0} \frac{(\cos x)^{-1/6} - 1}{x^2}.
\]
Step 2: Use Taylor expansion for $\cos x$.
For small $x$, the Taylor expansion of $\cos x$ is $1 - \frac{x^2}{2!} + O(x^4)$.
\[
L = \lim_{x \to 0} \frac{(1 - x^2/2)^{-1/6} - 1}{x^2}.
\]
Step 3: Use the binomial approximation.
The binomial approximation for $(1+u)^n$ for small $u$ is $1+nu$.
Here, $u = -x^2/2$ and $n = -1/6$.
\[
(1 - x^2/2)^{-1/6} \approx 1 + (-\frac{1}{6})(-\frac{x^2}{2}) = 1 + \frac{x^2}{12}.
\]
Substitute this back into the limit:
\[
L = \lim_{x \to 0} \frac{(1 + x^2/12) - 1}{x^2} = \lim_{x \to 0} \frac{x^2/12}{x^2}.
\]
Step 4: Evaluate the final limit.
\[
L = \frac{1}{12}.
\]
\[
\boxed{L = \frac{1}{12}}.
\]