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Oil light or maintenence required light? If it truly is an "oil' light, you are dangerously low on oil and it required immediate attention. If it's "maintenance required", that is your 5K reminder that you need an oil change and not critical.
My Pontiac Bonneville had a oil float sensor in the pan, if it got below that, you were in trouble and it lit a light.
+1 on LeakySeals comment, it has to be going somewhere and you better find it quick.
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HotRod
'06 Tacoma DC, Super White, Leer 100R, bed mat, K&N, Weathertech liners and vent visors, TSB 4 pack springs, Ride Rite air bags, TSB Cat converter, TSB exhaust manifolds, driving light mod, repaired my compass (3 times), 162K+. '06 Camry XLE, V6, '07 Camry XLE I4.
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