Phase separation kinetics of the off-critical mixture of polystyrene and poly(methylphenylsiloxane) is studied by the time-resolved light scattering and optical microscopy. The results from the light scattering experiments are correlated with the images obtained by the optical microscopic observation in order to find characteristic features of the scattering intensity during the percolation-to-droplets morphology transition. At the beginning of the spinodal decomposition process only a bicontinuous network is present in the system and the light scattering intensity has only one peak. The network coarsens and at the same time small droplets appear in the system resulting in a growth of the scattering intensity at very small wave vectors. When the large network starts to break up into disjoint elongated domains a second peak in the scattering intensity appears. Finally, both peaks merge into a single peak at zero wave vector, indicating a complete transformation of elongated domains into spherical droplets of variable sizes. The comparison of the direct microscopic observations with the light scattering spectra shows that the process of breaking up of the bicontinuous network starts when the growth of the first peak, corresponding to the bicontinuous pattern, becomes very slow (essentially pinned down).