It is a bit difficult to say. If you aren’t having any problems, then there usually isn’t anything to worry about. Normally I try to encourage people not to look at the console log. It rarely has any useful information. On rare occasions, people get very confused and paranoid when they dig into it.
However, a disk I/O error is one of the few useful entries that the log might have. Apple re-wrote the entire logging system a couple of years ago and made it virtually useless. Used to, you could just scan the log file for any instances of “disk I/O error”. My app EtreCheck used to do just that. It still does, but the log file isn’t available to read anymore. These days, you need to be the administrator and run the new “log” program to see any historical log entries. It is very unusual to actually see anything useful in the Console app anymore.
EtreCheck looks for the string ": I/O error.” There would be a line in the log file that looked like:
17 Nov 2014 15:39:31 kernel[0]: disk0s2: I/O error.
And that would allow me to say that there definitely was an I/O failure reading the 2nd partition on the first hard disk, which is normally the boot partition. The error you see is slightly different. Considering how much the console app and logging system have been changed, I don’t know if that error really means anything.
If you aren’t experiencing errors, don’t go looking for them. I don’t know anything about your machine. Maybe you have run one of those “clean up” apps and it has corrupted this file.