In something like C with its generic strings[1], it would surely have to be O(n) since you have to scan the entire string to calculate its length?
(I have always been terrible at big-O, mind.)
[0] There's probably more of them by now.
[1] ie. not a specific length-stored string type.
In any case, for some applications this is indeed a great hash function. Programs like rmlint use it as part of their checks for duplicate files: if files have different lengths, they can't have the same content after all.
Actually, in Python, None is a valid key...
(I'm so sorry. JavaScript has ruined me.)