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Yes it is a known problem. The 2.4l four cylinder uses oil like there's no tomorrow. If you'll do a little searching here tons of information is available including a possible fix by Toyota.
In 2009 the engine was changed in a positive manner and is currently a 2.5l.
Here are some comments from another site:
http://www.carcomplaints.com/Toyota/RAV4/2007/engine/excessive_oil_consumption.shtml
In 2009 the engine was changed in a positive manner and is currently a 2.5l.
Here are some comments from another site:
http://www.carcomplaints.com/Toyota/RAV4/2007/engine/excessive_oil_consumption.shtml