Will std::string always be null-terminated in C++11?

Yes. Per the C++0x FDIS 21.4.7.1/1, std::basic_string::c_str() must return

a pointer p such that p + i == &operator[](i) for each i in [0,size()].

This means that given a string s, the pointer returned by s.c_str() must be the same as the address of the initial character in the string (&s[0]).