Out of curiosity, because I hadn't heard of this, I spent a little time searching for papers. Most of what I found dated back to 2001, when a Swedish study was done of dialysis patients. It's not a very good study from a methodological standpoint, and it found essentially a doubling of the risk of developing renal failure in people who were high consumers of acetaminophen. However, there was no effort made to identify the condition for which people had been TAKING the acetaminophen (which condition might have contributed to the renal failure, as in lupus or other autoimmune conditions which can cause painful joints and affect the kidneys). Given that the lifetime risk of developing renal failure requiring dialysis is quite low, unless you have a condition affecting your kidneys (eg. diabetes), I would say that a doubling of a very low risk, determined from retrospective studies, is not enough to concern me greatly about acetaminophen use.