Yes, using a nail gun to nail off shearwalls can lead to lots of overdriven nails......
but I think the issue is way overblown......
I dont have the tech paper with me but about 10 years ago we did some shearwall testing to determine the effect of overdriven nails on shearwall strength.
I going from memory.......we "over drove" the nails using a pin punch, through the first layer.
We "over drove" 10%, 30% and 50% of the nails.... again from memory I think it wasn't until either 30% or 50% that the strength was effected and even then the effect was catostrophic.
Here is a link to a more recent paper...
I didn't have the disciple to read it completely but in the references it cites the tech paper to which I referred.
So unless your friend over drove nearly all of the nails, the inspector was actually "wrong" but that doesnt matter since they're always right.
cheers Bob